E-sports platform Mobile Premier League raises $35.5 mn

New Delhi (IANS) Mobile e-sports or gaming platform, Mobile Premier League (MPL), has raised $35.5 million (around Rs 244 crore)in a Series A funding round led by Sequia India, Times Internet and GoVentures, MPL said on Wednesday.

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Airlines asked to keep fares in check for far-flung areas

New Delhi (IANS) The Civil Aviation Ministry has asked domestic carriers to desist from raising fares on routes connecting far-flung areas, especially in the northeast, in the wake of the grounding of Jet Airways.

"The…

Oil supply to Indian refineries is adequate: Government

New Delhi (IANS) The government has worked out a contingency plan to ensure that there is adequate supply of crude oil to Indian oil refineries from May onwards when the US lifts the waivers from its Iran sanctions given earlier to major oil importing…

ITC moves NCLT against Hotel Leelaventure

Kolkata (IANS) Hotel Leelaventure on Tuesday said the diversified conglomerate ITC Ltd has filed a petition against it before the Mumbai bench of the National Company Law Tribunal (NCLT) for alleged "oppression and mismanagement".

"This…

SpiceJet-Emirates MoU signals wider partnership ahead

New Delhi (IANS) In what suggests a beginning of larger partnership, low-cost carrier SpiceJet has announced to enter into a code-share agreement with Dubai's flag carrier Emirates.

The development assumes significance as grounded Jet Airways'…

Investors demand write-offs as Jet owes over Rs 11K cr outstanding debt

Mumbai (IANS) Prospective investors in the temporarily grounded Jet Airways have asked lenders to take a massive haircut or write-off around 80 per cent outstanding debt of the airline which is more than Rs 11,000 crore, document and sources revealed…

Sensex ends 495 pts down, fear gauge at 3 yr high

Mumbai (IANS) Indian stock markets fell steeply on Monday over a sharp rise in crude oil prices. The benchmark Brent crude futures rose above the $73 a barrel mark following reports that the US may end sanctions waivers it had granted to some importers…

Air India can hire Jet's co-pilots, not 'costly Captains': IPG

Chennai (IANS) The Indian Pilots' Guild (IPG), one of Air India pilots' union, on Saturday urged the national carrier's management to hire just Boeing 777 (B-777) rated co-pilots on short-term contracts instead of hiring Captains…

Equity indices to gain as healthy Q4 results buoy sentiments: Experts

Mumbai (IANS) The Indian equity market is expected to maintain its northward trajectory in the week ahead as healthy fourth quarter (Q4) earning numbers and anticipation of a stable Central government buoy investors' sentiments, analysts said.

Jet Airways employees considered taking over airline: NAG

Chennai (IANS) Internal differences of opinion on employees taking over the management of Jet Airways did not permit pursuing the idea, but employees are ready to fully cooperate with any new investor for turning around the financially crippled…